Author: NBTC
CBRT announced its interest rate decision for September 2024. The CBRT Monetary Policy Committee left interest rates unchanged in September. The expectation was that the policy rate would remain unchanged at 50% in September. What Was the Dollar’s Reaction to the Interest Rate Decision? After the TCMB decision, the dollar is traded at 34.02 TL. The CBRT’s statement regarding the latest interest rate decision is as follows: “The Monetary Policy Committee (the Committee) decided to keep the one-week repo auction interest rate, which is the policy rate, constant at 50 percent. When the monthly inflation indicators in August are examined…
Prominent analyst Kyren, known on X (formerly Twitter) as noBScrypto, recently highlighted Hedera (HBAR) and Internet Computer (ICP) as undervalued assets amidst the trending narratives in 2024. According to Kyren, these cryptocurrencies stand out due to their potential to capitalize on the growth of real-world asset (RWA) tokenization, decentralized physical infrastructure (DePin), and artificial intelligence (AI). HBAR and ICP Amid Three Leading Web3 Narratives Kyren highlights Hedera (HBAR) and Internet Computer (ICP) as two altcoins that showcase how blockchain technology can intersect across multiple narratives. According to him, these projects bridge the diversity of DePin, AI, and RWA tokenization narratives,…
Television icon David Letterman, former host of “The Late Show,” appeared in a Manhattan federal court on Monday as a potential juror in a criminal trial concerning cryptocurrency fraud. According to an ABC News report, Letterman was identified in court only as “Juror 16,” and underwent the standard juror questioning process alongside approximately three dozen other potential jurors. The selection aimed to finalize a panel of 12 jurors and four alternates for the upcoming trial. During the proceedings, Judge P. Kevin Castel asked Letterman a series of questions to assess his suitability for the jury. Letterman initially responded with “Hartford”—in…
Although August was one of the worst months for Bitcoin (BTC) price this year, retail investor activity on leading centralized exchanges rebounded significantly. Reaching nearly $910 billion, August volumes hit their highest levels since May 2024. However, it’s worth noting that this is still over 50% less than the record-breaking March, when volume reached $2.1 trillion. According to the latest analysis by Finance Magnates Intelligence, the total spot volume for the 10 largest centralized exchanges in August was $908 billion, representing a 5% increase compared to the $845 billion reported a month earlier. “Derivatives trading volume on centralized exchanges also…
Costa Brava, Spain – In a groundbreaking move to drive collaboration over competition in the Web3 space, MultiversX (EGLD) has partnered with Helios Staking to host the first-ever Helios Collabathon. —This ambitious event, backed by the MultiversX Foundation, Hatom, XOXNO, and the Injective Foundation, brought together 14 elite Web3 developers from around the globe. Their mission? To create a unified solution for one of the industry’s most pressing challenges: fragmented user identity across multiple blockchains.The Outcome: Helios Connect dAppAfter 384 intense hours of coding and development, the result was Helios Connect—a revolutionary dApp that allows users to create a single,…
In an important sign of confidence, large Bitcoin (BTC) holders, often considered market movers, increased their holdings significantly in July. Major Bitcoin Holders Accumulated $5.4 Billion Worth of BTC in July Amid Market Volatility Data from blockchain analysis firm TradingView revealed that these holders, defined as addresses with at least 0.1% of BTC’s circulating supply, added over 84,000 BTC, equivalent to $5.4 billion at current market prices. This marks the largest single-month accumulation in BTC terms since October 2014. The buying spree took place amid significant two-way price volatility, with major holders taking advantage of the early July slump when…
Coinbase has confirmed plans to expand its wrapped Bitcoin token cbBTC to the Solana blockchain. This move follows the successful launch of cbBTC on Ethereum and Base networks just days prior. “Our users love Solana, and so do we. We’re very excited to announce that we will be bringing cbBTC to Solana,” Hassan Ahmed of Coinbase Singapore said in a statement during the Solana Breakpoint conference. Bitcoin 🤝 Solana Just in from Breakpoint: @Hassan_NY announced that @coinbase plans to bring cbBTC to Solana! pic.twitter.com/e1UdoUDgbY — Solana (@solana) September 21, 2024 Coinbase Wrapped BTC (cbBTC) is an ERC-20 token backed 1:1…
In the past seven days, Uniswap ($UNI) has emerged as the top Ethereum burner among decentralized finance (DeFi) projects, according to Phoenix, a crypto media outlet. During this particular time, Uniswap burnt an outstanding 1,166 Ethereum, proving its vital role in the Ethereum ecosystem. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #Metamask #0xProtocol $ZRX #GnosisChain #KyberSwap #Pendle #Aave $AAVE #Paraswap #Tokenlon $LON pic.twitter.com/nPrEervFEl — PHOENIX – Crypto News & Analytics (@pnxgrp) September 21, 2024 1Inch Commits to Ethereum Supply Reduction with 120.5 ETH Burn After Uniswap, 1Inch has now destroyed a total of 120.5 Ethereum. This program keeps emphasizing its…
Sept 19 (Reuters) – U.S.-listed crypto shares jumped before the open on Thursday after a half-percentage point interest rate cut sparked a flight into risky assets, adding to the momentum of an industry that has already secured some big wins this year. The move could revive interest in bitcoin , the most popular cryptocurrency, which often sways the entire sector as investors chase higher returns and dump safe-havens. The currency gained 4% and was last trading at $63,177 on Thursday. “There’s over $6 trillion in money market funds, soon yielding 50 bps less,” said Matt Mena, crypto research strategist at…
A federal judge has ordered William Koo Ichioka, to pay over $36 million in restitution and fines for his involvement in a fraudulent forex and digital asset scheme, according to an announcement by the Commodity Futures Trading Commission (CFTC). Ichioka is notorious for orchestrating a large-scale fraud, defrauding over 100 investors out of tens of millions of dollars through trading in cryptocurrencies, securities, and other investment vehicles. The order was issued on Sept. 19 by Judge Vince Chhabria of the U.S. District Court for the Northern District of California. Ichioka is required to pay $31 million in restitution to victims…